GMAB (Genmab AS) Gross Profit : $2,970 Mil (TTM As of Dec. 2024)

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What is Genmab AS Gross Profit?

Genmab AS's gross profit for the three months ended in Dec. 2024 was $857 Mil. Genmab AS's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $2,970 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Genmab AS's gross profit for the three months ended in Dec. 2024 was $857 Mil. Genmab AS's Revenue for the three months ended in Dec. 2024 was $904 Mil. Therefore, Genmab AS's Gross Margin % for the quarter that ended in Dec. 2024 was 94.77%.

Genmab AS had a gross margin of 94.77% for the quarter that ended in Dec. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Genmab AS was 98.63%. The lowest was 95.42%. And the median was 97.03%.

Genmab AS Gross Profit Historical Data

The historical data trend for Genmab AS's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Genmab AS Gross Profit Chart

Genmab AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Gross Profit

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1,653.37

1,278.99

2,065.39

2,377.25

2,884.12

Genmab AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Gross Profit	Get a 7-Day Free Trial															677.86	576.99	751.70	784.01	857.05

Competitive Comparison of Genmab AS's Gross Profit

For the Biotechnology subindustry, Genmab AS's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Genmab AS's Gross Profit Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Genmab AS's Gross Profit distribution charts can be found below:

* The bar in red indicates where Genmab AS's Gross Profit falls into.

Genmab AS Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Genmab AS's Gross Profit for the fiscal year that ended in Dec. 2024 is calculated as

Gross Profit (A: Dec. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	3022.423	-	138.302
	=	2,884

Genmab AS's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	904.368	-	47.317
	=	857

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,970 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Genmab AS's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )	=	Gross Profit (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	857	/	904.368
	=	94.77 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Genmab AS (NAS:GMAB) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Genmab AS had a gross margin of 94.77% for the quarter that ended in Dec. 2024 => Durable competitive advantage

Genmab AS Gross Profit Related Terms

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Genmab AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Genmab AS (NAS:GMAB) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

GNMSF:USA GMABc:UK 0MGB:UK GMAB:Denmark GE91:Germany GMAB:Austria

Address

Carl Jacobsens Vej 30, Valby, DNK, 2500

Website

https://www.genmab.com

Genmab AS is a Copenhagen-based biotechnology company specializing in antibody therapeutics for the treatment of cancer. Genmab's proprietary antibody technologies are DuoBody, HexaBody, DuoHexaBody, and HexElect. Johnson & Johnson partnered with Genmab to create Darzalex, which is regarded as the standard of care for multiple myeloma and is Genmab's leading product. Genmab also has Tepezza for thyroid eye disease (partnered with Horizon), Kesimpta for relapsing multiple sclerosis (partnered with Novartis), Rybrevant (partnered with Johnson & Johnson) for non-small cell lung cancer (NSCLC), Tivdak (partnered with Seagen) for cervical cancer, and Epkinly (partnered with AbbVie) for diffuse large B-cell lymphoma. Genmab has several pipeline candidates targeting other oncologic indications.